The stockholders of the Apex Corporation attended a special meeting of the stockholders called to discuss matters of extreme urgency to the corporation. A quorum was not present when the meeting opened, nor was a quorum present when the matters to be
treated in the meeting were discussed. Management, however, felt that the importance of the issue was significant enough to warrant continuation of the meeting without a quorum, and the stockholders voted on the issues presented during the meeting. During the last fifteen (15 ) minutes of the meeting, just prior to the cocktail hour regularly attended by many stockholders, enough stockholders had arrived to constitute a quorum. Were the issues of this meeting dealt with in a valid manner?
?No. It is necessary that a valid stockholders' meeting open with a quorum. If this occurs, it is not necessary that the quorum be maintained through the course of the meeting. The voting at this meeting is not binding.
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A. indirect B. direct C. vicarious D. contributory
In general, companies are placing less emphasis on internal marketing than they have in the past
Indicate whether the statement is true or false
How is a cashier's check different from an ordinary check?
A) Cashier's checks can be postdated, but ordinary checks cannot be postdated. B) Unlike ordinary checks, cashier's checks do not require the purchaser to hold a checking account at that bank. C) Unlike ordinary checks, cashier's checks are cancellable negotiable instruments upon issue. D) Cashier's checks are three-party checks, while ordinary checks involve only two parties.
Which of the following is true of a nolo contendere plea?
A) A nolo contendere plea is an admission of guilt. B) A nolo contendere plea subjects the defendant to a lesser punishment than would result from conviction at a trial. C) Like a consent decree, a nolo contendere plea need not be approved by the court. D) A nolo contendere plea cannot be negotiated between the Justice Department and corporate or individual criminal defendants.